Oct 15, 2021

Currys boss eyes high street bargain

The mixed bag of brands that operated under the Dixons Carphone umbrella will disappear this month, with the Carphone Warehouse, Currys PC World and Team Knowhow brands being phased out as it operates under a unified Currys brand. Liberum Capital argued in a note on Monday that the sell-off in the company's shares has been overdone and it is now "Far too cheap". Chief executive Alex Baldock clearly agrees, having purchased more than £100,000 worth of shares on October 4. Manchester-based ecommerce retailer The Hut Group was the biggest stock market listing on the London market for five years, with the company raising £920 million in new money in an IPO that valued the business at £5.4bn, or £5 a share. Selling pressure resumed after Moulding hit out at short sellers at a Capital Markets Day event on Tuesday, after which its share price plunged by 35 per cent, closing at £2.85.

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